Adams Charitable Foundation
- Assets
- $678.9k
- Revenue
- $92.5k
- Investments
- $658.7k
- Employees
- 0
- Location
- Haverford, PA
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-5984588
Organization Overview
Adams Charitable Foundation is located in Haverford, PA. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adams Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Adams Charitable Foundation generated $92.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $59.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Adams Charitable Foundation has awarded 247 individual grants totaling $204,281. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary M Adams Director | 2 | $0 | |
Gordon Dabney Adams Director | 1 | $0 | |
Jennifer Leigh Adams Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $18,089 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,389 |
| Capital Gain Net Income | $74,389 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $92,485 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,372 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,725 |
| Total operating and administrative expenses | $3,097 |
| Contributions, gifts, grants paid | $56,298 |
| Total expenses and disbursements | $59,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,167 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $323,353 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $678,888 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Adams Charitable Foundation has awarded $56,298 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
AARP FOUNDATION PURPOSE: PER GOVERNING INSTRUMENT - CONTRIB TO PRESELECTED CH | $200 |
ACLU FOUNDATION PURPOSE: PER GOVERNING INSTRUMENT - CONTRIB TO PRESELECTED CH | $200 |
AIM ACADEMY PURPOSE: PER GOVERNING INSTRUMENT - CONTRIB TO PRESELECTED CH | $5,499 |
AMERICAN CANCER SOCIETY PURPOSE: PER GOVERNING INSTRUMENT - CONTRIB TO PRESELECTED CH | $200 |
AMERICAN RED CROSS PURPOSE: PER GOVERNING INSTRUMENT - CONTRIB TO PRESELECTED CH | $500 |
ANIMAL ADOPTION CENTER PURPOSE: PER GOVERNING INSTRUMENT - CONTRIB TO PRESELECTED CH | $500 |